Insider Buying: Pimco Corporate & Income Strategy Fund Insider Acquires 31,365 Shares of Stock (PCN)
Pimco Corporate & Income Strategy Fund (NYSE:PCN) Insider William H. Gross bought 31,365 shares of Pimco Corporate & Income Strategy Fund stock on the open market in a transaction dated Thursday, August 14th. The stock was purchased at an average price of $16.56 per share, for a total transaction of $519,404.40. Following the completion of the purchase, the insider now directly owns 723,734 shares of the company’s stock, valued at approximately $11,985,035. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Pimco Corporate & Income Strategy Fund (NYSE:PCN) traded up 0.42% on Friday, hitting $16.70. 73,154 shares of the company’s stock traded hands. Pimco Corporate & Income Strategy Fund has a 1-year low of $15.22 and a 1-year high of $17.26. The stock’s 50-day moving average is $16.54 and its 200-day moving average is $16.73.
The company also recently declared a monthly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be given a dividend of $0.1125 per share. This represents a $1.35 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date of this dividend is Thursday, August 7th.
PIMCO Corporate & Income Strategy Fund (NYSE:PCN), formerly PIMCO Corporate Income Fund, is a closed-end exchange traded management investment company.
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